- US markets closed marginally higher Yesterday.
- Asian markets are Flat.
- SGX Nifty is higher above 12600.
- Yesterday Bank Nifty started its show.
- In 2nd half it rocketed 400 Points which helped Nifty going higher.
- FIIs bought for ₹ 570 crores Yesterday.
- DIIs have sold for Rs 1300 crores.
- FIIs are booking profits in some long positions in F&O also.
- Maybe all this is due to Budget as the Expectations are set quite high from the same.
- Earlier FIIs long in Index Futures was above 80% and it is now about 76%.
- Markets might not go much higher from here but also there is limited downside risk.
- So expecting some Consolidation ahead.
- Banks and Reliance have out performed yesterday.
- Reliance finally looked in some Momentum Yesterday.
- Whether we witness continued rally here or not time will say.
- Today Market might be Volatile.
- Usually Wednesdays get Volatile in second half.
- Due to expiry related Unwinding , fresh Positions etc.
- Infosys and Wipro results are being decalres today.
- This is an Important event to look for.
- Nifty might Trade between 13480-13720 today.
- stockmarketadvisory.in
1.U.S Markets closed higher Yesterday 2. U.S Futures are trading higher now. 3. Asian markets are higher. 4. Global cues are positive currently. 5. U.S Markets have made a short term bottom and now have reversed. 6. Gift Nifty is up more than 100 Points. 7. Yesterday was a big surprise to everyone. 8. Contrary to the exit Poll , things have been changed dramatically. 9. Exit Polls indicated a cakewalk win for the BJP. 10. Reality of the Ground level was entirely different. 11. There is BJP Govt forming but with a Coilition Govt. 12. Coilition Govt changes many aspects. 13. Firstly , the Govt cannot take decisions on its own. 14. It has to get approval of other parties as well. 15. This would hamper the growth prospects and future plans. 16. Last 10 years , the Government had come with a simple majority. 17. They worked freely. 18. This is a way good for democracy 19. One Govt dominating is not good for the Country , now everyone has to work for welfare of Country...
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